Gladius Capital Management LP Invests $44,000 in Granite Point Mortgage Trust Inc. (NYSE:GPMT)

Gladius Capital Management LP acquired a new stake in shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,385 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in Granite Point Mortgage Trust by 21.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,022,855 shares of the company’s stock valued at $6,076,000 after buying an additional 181,062 shares during the last quarter. Camelot Portfolios LLC increased its stake in shares of Granite Point Mortgage Trust by 68.3% in the fourth quarter. Camelot Portfolios LLC now owns 362,570 shares of the company’s stock valued at $2,154,000 after purchasing an additional 147,081 shares during the period. Oak Thistle LLC bought a new stake in shares of Granite Point Mortgage Trust during the fourth quarter valued at approximately $67,000. Abundance Wealth Counselors boosted its position in shares of Granite Point Mortgage Trust by 22.7% during the fourth quarter. Abundance Wealth Counselors now owns 33,088 shares of the company’s stock worth $197,000 after buying an additional 6,127 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Granite Point Mortgage Trust by 27.7% in the 4th quarter. SG Americas Securities LLC now owns 27,877 shares of the company’s stock worth $166,000 after buying an additional 6,048 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

Analyst Ratings Changes

GPMT has been the topic of several recent analyst reports. Raymond James cut their target price on Granite Point Mortgage Trust from $7.00 to $6.50 and set an “outperform” rating on the stock in a research note on Friday, February 16th. JMP Securities downgraded shares of Granite Point Mortgage Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 20th. Keefe, Bruyette & Woods reduced their price target on shares of Granite Point Mortgage Trust from $5.00 to $4.75 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. Finally, UBS Group lowered their price objective on shares of Granite Point Mortgage Trust from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th.

Granite Point Mortgage Trust Trading Down 2.5 %

NYSE:GPMT traded down $0.10 during mid-day trading on Thursday, reaching $3.74. 685,976 shares of the stock were exchanged, compared to its average volume of 409,403. The business has a fifty day moving average price of $4.53 and a 200 day moving average price of $5.04. Granite Point Mortgage Trust Inc. has a 1-year low of $3.49 and a 1-year high of $6.41. The firm has a market capitalization of $189.71 million, a PE ratio of -2.49 and a beta of 1.80.

Granite Point Mortgage Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 16.06%. Granite Point Mortgage Trust’s dividend payout ratio is currently -40.00%.

Granite Point Mortgage Trust Company Profile

Granite Point Mortgage Trust Inc, a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property.